Listed by Major Properties
$6,000,000
1939 N Kenmore Ave
Details
APN 5589-017-040
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,317
Cap Rate 6.16%
NOI $369,605
Occupancy 100%
Tenancy Multi
Year Built 1929
Lot Size (SqFt) 11,500
Zoning LAR2
Investment Type Stabilized
Multifamily | 6.16% CAP
Marketing description
This is a 100% leased multi-family investment property located in the prime Los Feliz neighborhood of Los Angeles. The property features 2-street frontage, with the block-to-block property situated between Kenmore Ave and Palmerston Pl. Located in a fantastic location between Los Feliz Blvd and Franklin Ave, the property is 5 blocks west of Vermont Ave and 8 blocks west of Hillhurst Ave. It is less than one mile south of the Greek Theater and Griffith Observatory.
Investment highlights
- Prime Loz Feliz neighborhood multi-family purchase opportunity
- 100% leased investment
- Actual $369,605 annual net income | 6.16% cap rate
- 2-street frontage: Block-to-block property between Kenmore Ave and Palmerston Pl
- Fantastic location between Los Feliz Blvd and Franklin Ave
- 5 blocks west of Vermont Ave and 8 blocks west of Hillhurst Ave
- Less than one mile south of the Greek Theater and Griffith Observatory
Listing Contacts
Listed by Major Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,605.00
$30,800.42/mo
Valuation Metrics
0
DSCR
6.16%
Cap Rate
6.16%
ROI
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